Lotte Card to use palm vein security
17 August 2018 12:47 GMT

Lotte Card, a South Korean credit-based finance business focusing predominantly on the credit card and instalment payment industries, plans to use Fujitsu's biometric palm vein security.

In a statement, Lotte Card said it was looking to introduce a new, safe, user-friendly payment system that revolutionizes how people shop and allows the company to take the lead in the very competitive Korean financial market.

Lotte Card adopted the Fujitsu palm vein authentication solution which allows a user’s biometric information to be read beforehand – enabling users to make payments at stores simply by holding their hand over an authentication device.

It said palm vein authentication is far less susceptible to fraud compared to other biometric methods, and that the tech has enabled Lotte Card to become a leader in the very competitive Korean credit card industry.